Investment authorisation saved after the FCA raised compliance concerns
Midway through an investment firm's application, the FCA raised concerns about its compliance arrangements. MEMA's ex-regulator team answered every point, and the firm was authorised.
- AuthorisedInvestment permissions
- EveryFCA query answered
The challenge
Midway through the application, the FCA raised concerns about the firm's compliance position. Without convincing answers, the application was at risk.
Regulatory context
Authorisation for investment permissions, with FCA supplementary information requests and detailed scrutiny of the firm's compliance arrangements.
What we did
- Coached the senior managers for the FCA interview with mock interviews
- Worked through each of the FCA's concerns with the firm
- Prepared supplementary evidence answering every point
- Dealt with the FCA directly, drawing on the team's regulatory experience
- Resolved every outstanding query to the FCA's satisfaction
The outcome
Authorised with investment permissions.
Every FCA query answered and the application approved.
Client details are presented to protect confidentiality. Outcomes reflect specific engagements and are not a guarantee of results, as every firm's circumstances differ.
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